Investing in the MESP (Michigan Education Savings Plan)

There are a lot of great things to like about the MESP, but maybe the biggest benefit is the investment options. Now, the MESP has limited investment options, like most state 529 plans, but the big advantage of the MESP is the low cost of the investments. In fact, Morningstar rated the MESP as a …

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The 2018 Michigan Education Trust (MET) Costs Are Out, and the Numbers are Ugly

Michigan recently released the 2018 costs of purchasing the Michigan Education Trust (MET).  The MET is a prepaid tuition plan in which you pay for future college credits today.  In theory, you are paying for future college credits at today’s lower prices.  As I discussed in this article,  really you are paying for future college …

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MESP vs. MET: What’s the Best Michigan College Savings Plan? 

According to the University of Michigan website, it costs nearly $30,000 per year to attend UofM. Michigan State is not much cheaper with a year costing $25,000. Even scarier, if the trend continues it will cost nearly $270,000 for my 2 year old to graduate as a Michigan Wolverine (hopefully the football team will finally …

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